for a clean, wedomestic energy future that puts us in control. our abundant natural gas is already saving us money, producing cleaner electricity, putting us to work here in america and supporting wind and solar. though all energy development comes with some risk, we're committed to safely and responsibly producing natural gas. it's not a dream. america's natural gas... putting us in control of our energy future, now. anne's tablet called my phone. anne's tablet was chatting with a tablet in sydney... a desktop in zurich... and a telepresence room in brazil. the secure cloud helped us get some numbers from my assistant's pc in new york. and before i reached the top, the board meeting became a congrats we sold the company party. wait til my wife's phone hears about this. [ cellphone vibrating ] [ female announcer ] with cisco at the center, working together has never worked so well. taxes authorities used to seize evidence from warren jeffs. why they are making the move when we continue. so, as we go into this next phase, you know, a big part of it for us is that there isn't anythin

market. you also have energy infrastructure, which is paying about 6%. most of it is a return of principle. these are companies with some of the lowest cost of capital ever. high return projects, long-term contracts. the government is in support of energy independence in this country, so we don't think the taxes change for mlps and energy infrastructure investments. finally, if you like high-yield corporate bonds, we love high-yield municipal bonds where we're getting 6% federally tax free. corporate high yield has rallied too much. we've sold it. >> rick santelli, should we be focusing on something else? this constant focus on the fiscal cliff, obviously, it's been dictating sentiment. it's been dictating markets. are there other areas that investors should be looking at? >> well, i had a guest this morning, dr. saunders, who's testified on issues regarding housing, fha, in front of congress. he knows what he's talking about. he brought up what many of us are looking at. a lot of -- you know, real estate, residential construction was one of the positives in today's gdp report. w

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you're feeling a little slow, ♪ ♪ then 5-hour energy will help you go. ♪ ♪ so buy a bottle of pink lemonade and ♪ ♪ you can help fight breast cancer today. ♪ >>> the holidays are a time when families get together to celebrate and reconnect. let's not sugar coat things. they can be filled with a lot of drama. >> no one captures that better than actor, writer, director ed burns. >> and all around good guy. he returns in his indy film called "the fitzgerald family christmas." he plays the older, more opinionated bossy brother. take a look. >> she actually suggested i let her sneak the baby out one day and get her baptized. >> i think it's genius. >> we are not baptizing the baby. >> why not? >> corey is jewish. >> i thought corey was an atheist. >> he's still jewish. >> there are some light moments in. this but there are heavy duty ones, too. tell us a little bit about for those who haven't seen the movie, where it came from in that brain of yours. >> i wanted to make a film that took a look at a big family. >> a couple of my best friends, one is one of nine, one is one of 12. i

. luis martinez to receive cupping therapy. ♪ one is for a clean, wedomestic energy future that puts us in control. our abundant natural gas is already saving us money, producing cleaner electricity, putting us to work here in america and supporting wind and solar. though all energy development comes with some risk, we're committed to safely and responsibly producing natural gas. it's not a dream. america's natural gas... putting us in control of our energy future, now. >> l.a. is a town that embraces characters of all types. the bigger the star the better. it's a convention that has made manny pacquiao a popular part-time resident and a regular guest before his fights on jimmy kimmel live. >> i like jimmy kimmel, and the fans. i like to go the sunday before the fight. this is pacquiao's seventh appearance on the talk show. >> going to be good. [ applause ] >> now, the last time you were here, you had announced that you had quit drinking. you quit gambling and you quick cock fighting. and then, for the first time in 7 years, you lost the fight. i don't think that you actually lost the f

trillion coin. i vote for john boehner. eams. one is for a clean, domestic energy future that puts us in control. our abundant natural gas is already saving us money, producing cleaner electricity, putting us to work here in america and supporting wind and solar. though all energy development comes with some risk, we're committed to safely and responsibly producing natural gas. it's not a dream. america's natural gas... putting us in control of our energy future, now. who have used androgel 1%, there's big news. presenting androgel 1.62%. both are used to treat men with low testosterone. androgel 1.62% is from the makers of the number one prescribed testosterone replacement therapy. it raises your testosterone levels, and... is concentrated, so you could use less gel. and with androgel 1.62%, you can save on your monthly prescription. [ male announcer ] dosing and application sites between these products differ. women and children should avoid contact with application sites. discontinue androgel and call your doctor if you see unexpected signs of early puberty in a child, or, signs in a

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, wedomestic energy future that puts us in control. our abundant natural gas is already saving us money, producing cleaner electricity, putting us to work here in america and supporting wind and solar. though all energy development comes with some risk, we're committed to safely and responsibly producing natural gas. it's not a dream. america's natural gas... putting us in control of our energy future, now. it's easy to follow the progress you're making toward all your financial goals. a quick glance, and you can see if you're on track. when the conversation turns to knowing where you stand, turn to us. wells fargo advisors. >>> an improving economy and superstorm sandy turn out to be a boone for the automakers. >> one automaker did not beat expectations in terms of november auto sales. the automaker who fell short of estimates was general matter, an increase of 3.4%. 2% below what the street was expecting. some important stories that came out today from the auto industry. let's start with ford. 6.5% increase. the company today raising its production in north america for the first quart

in financials, energy, materials, industrials, and those sectors would get the rating on growth confidence. one of the things the bears aren't pointing out is that since the s&p down grade of u.s. debt, the s&p is up 200 points and earnings estimates for this year are down by 11, should be the strongest part. >> barry, it's joe. the beginning of 2013, we get to 1600. the question then becomes is that some form of a secular talk? selling at that point? what happens thereafter? >> you know, we've been in a 1200 plus or minus 400 range since the late '90s. this is a secular bear market. we've been through four of them in the past 100 years, the most recent was 1967 to 1982 so, yeah, i'm a little concerned that once we get to a top p/es rerated, earnings growth not that strong, that it will be a little harder to plow ahead from that level. we'll need more growth globally. >> it's good to have you on. thanks for coming on today. we'll have you back soon. >> thanks. >> appreciate having you. barry bannister. forget the target of 1600. it doesn't mean that much to most people but what

those people now guzzling up power and energy and emitting gases that weren't there before. surely that is evidence, isn't it? >> no. you go to the peer reviewed literature. are you looking at anecdotal evidence. basically global warmists like bill nye say global warming will cause many bad weather events and guess what? bad weather events happen all the time so people look and say look, there's more proof, there's a bad weather event. bottom line, big tornadoes, f-3 and larger since 1950s have dropped dramatically. bottom line, we've gone the longest period without a major u.s. category 3 or larger hurricane hitting the u.s. since 1900, maybe the civil war. bottom line, new study in the journal nature, peer reviewed, no change in u.s. drought in the last 60 years. bottom line, a new study out shows that drought has not changed in 85 to -- >> let me -- wait a minute. wait a minute. let me add one more bottom line before i defer to bill nye. he knows more about this than i do. another bottom line, the world is indisputably getting warmer. the u.n. weather agency said last week 2012

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department of energy is using brent crude oil as its benchmark for crude oil prices rather than wti. you might see funds start to liquid date the positions if that's not the benchmark that the energy department is going to use. >> i think both you and rich made valid points but at the same time i want to look at the middle east. we had some developments out of syria, the new continues there. how much is this a middle east premium priced into the crude price at this point, how much is it providing a support? >> jackie i think it's less than what it was three or four weeks ago when you had israel and gaza fighting. when you look at the news today hillary clinton met with the russian foreign minister, syria's biggest ally is russia. if russia tells them you have to calm down they'll calm down. >> you think they're going lower. are you buying or selling oil slide? logon to futuresnow.cnbc.com and vote in our poll, we'll give you the results on our website and while there catch today's show, we have investment guru curtis arlidge of bny mellon and tune in to that and doug cass will revea

, for us, we're a supplier not only to defense but also in the commercial markets, energy, and medical. it has already caused this uncertainty, roadw uncertainty, a reduction in the amount of work we're doing, and it's prevented us from hiring in some of our plants. >> you're holding back, then. you're holding back on hiring, waiting to see how this thing plays itself out. presuming they don't go over the cliff, they come to some agreement, does that mean you would hire more workers? >> right now it's very frustrating that we don't have issues decided here. so, yes, we have plants that can be ramping up to supply in the defense industry. until we know with certainty what's going to happen with the cuts, we're not going to be hiring in those plants. >> we're going to bring in now howard dean, who i believe is joining us. thank you for joining us. i hope that you've also been listening to what dawn had to say. she's been basically saying it would hurt her company. it's already affecting her hiring decisions. it would hurt the defense industry as well. so why do you feel that going over t

the master limited partnerships that are out there, the kinder morgans, specter energy looks like a good play. we're looking at the 4% to 5% yielders, companies that have a good track record of increasing those yields. we're sticking more with consumer staples. we're definitely tilted towards that defensive end. but we're going to stay there. as long as growth is slow, that's where we feel we can get the best risk adjusted returns for our clients. >> all right. thanks for joining us. mark, good to see you. rick, have a good weekend. gordon, have a good time at the beacon tonight. we're less than an hour from the trade month. kayla rounds up november's big winners and losers. >> hey, bill. the indices may have danced along the flat line for the entire month, but there were clear winners and losers on either side of the tape. to the downside, several companies falling markedly. exelon down 17%. cliff's natural down 21%. pitney bowes down 22%. the biggest laggard is the born-again retailer jcpenney. down 26.5%. some stocks arguably had a better month. computer sciences up around 25%. t

price spike in may. and another one that happened in october. is the energy industry snookering us and will they get caught if they are? joining us now for "the interview" is senator marie that ke kentwell. she has been leading this charge. it's nice to have you here. thank you for joining us. >> good evening, rachel. >> let me ask in my layman's summary of that discussion, both the supply and demand factors at work, but what might have happened in may in the environmental report. did i get the basics of that right? is that basically the situation? >> rachel, i'm convinced that maddow matters. that you drill down on the substance of these issues and that's exactly what we need the department of justice to do. >> what was it about the price spike in may and then again in october that seemed suspicious to you? was there something that tipped you off to start questioning whether or not that was a legitimate price strike just explained by supply and demand? >> well, my constituents tipped me off that they were frustrated gas was going toward $5. what they knew is one refinery went down

. should benefit the financials. energy is a wild card next year. that's what we should be allocating. >> rick, if we go over the fiscal cliff, you have to believe there will be a lot of hoarding of assets, sitting on money. maybe we get more action and fixed income. >> i think what nobody is talking about, you with allude to it constantly, and i'm in your camp. the damage is done. it's evident by many of these reports. even if they come up with a 13th hour settlement, even if they come up with good reform, some of the adjustments that have already been made or have been in the process of being made have already done a lot of damage that we didn't need. we already shot ourselves in the foot on this one. in terms of housing, you know, the shadow inventory that's been tied up in litigation, we could see as many as 20 million of those come on the market in 2013. even though i agree with the guest, there's a lot of different forms of the housing market. some of them are going to be under pressure due to this avalanche of shadowed foreclosure in 2013. >> ben, the groups you want to own in

time and energy on the tax issue. if we are serious about cutting our deficit we must be having a frank discussion about medicare. the white house and gop have made proal posals.

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european growth outlook. we saw the dollar strengthen. that has weighed on commodity prices. energy prices in particular across the board with the wti contract closing at a three-week low. we're looking at pressure across the board in the energy sector. that's good news for people driving over the holidays. we're looking at gas prices coming down. futures market and prices at the pump, only ten cents higher than a year ago. back to you guys. >> sharon, thank you. well, consumer reports out with a new report on ford's top hybrids and their big mileage claims. the results, let's just say, are not ideal for ford. phil lebeau joining us here. what is the news? >> essentially we're talking about the ford fusion hybrid and the ford c-max hybrid. both of those models claim, according to ford, they are believed to get 47 miles per hour. that's how ford advertises them. that's on the sticker eer on t windows. consumer reports brought them in, did the testing. according to consumer reports, the fusion and c-max hybrids do not get 47 miles per hour. the c-max gets 37 miles per gallon. those ar

control your thermostat to help save energy and money. get adt installed starting at just $99. that's a $300 savings. you may even save up to 20% on your homeowners insurance. for everything that matters most. adt. always there. >>> five. >> four. three. two. one. [ applause ] >> eric: well, that was president obama and first family moments ago lighting the white house christmas tree. beautiful sight. one more thing up now. a lot of people ask you why are you in studio. we tell you every day but i'll make it clear for you. go. ♪ >> all right, we're in studio d. a lot of our audience, "the five" audience want to know why we were displaced. there is a good reason. what are you doing with the studio? >> we turned in a winter wonderland. ♪ >> this is our christmas set for the fox and friends special christmas. if you notice we have taken the television -- logo is wrong. >> that is actual fire and i need to feed it. ♪ ♪ >> eric: when you are getting out of here to get back in the studio? >> as soon as we do the program. we have an elf. gutfeld will be the elf. but we have nativity sc

: the brothers rechanneled their perpetual energy and in july observed ramadan with a multistate cross-country teaching tour, reaching 30 mosques in 30 days. including the one that is perhaps america's most controversial, in lower manhattan, located just north of ground zero. >> it's about two blocks away and it's tucked into a little corn somewhere there's just a small, peaceful place to pray. people in the towers who were muslim. >> reporter: among the nearly 3,000 who died at ground zero 60 were muslims. their names rendered in bronze. american flight 11 passenger was seven months pregnant at the time of her death. the teaching tour during ramadan included stops at food kitchens, meetings with youth groups and emphasis on treating women with equality. >> my wife when we were in denver just became muslim. but the brothers have this 15 course meal and the sisters have one piece of pizza to share. so you know, today they were talking about taking care and taking hold of ramadan and not letting the month pass you by. how can we get to that part if we can't satisfy the basic struct

were in front of the market and have continued. walter energy is one of them. december 32 1/2 calls extremely active. there is always chatter around this name. i just say at least keep an eye on it. the name has been beaten down and now here it is up back up above 30 bucks a share. >> let's keep the names rolling in midday trading now. we'll start with you pete again with fif any. >> there are a lot of different factors with tiffany. this is day two of tiffany pulling back. absolutely got slaughtered yesterday. you look at tiffany and you still have a lot of hurdles in front of them. their cost of gold, the metals and the diamonds all a factor. i don't think it's time yet. i think at some point a feuds lower. >> big dropper. >> big dropper. typically they've got it from the government. they are the ones who give you the internet urls. they've gotten an increase every year from the government. the government came out this year and said no way buddy. it's flat. if you want a price increase to apply to us it's not going to happen. >> deutsche bank took them from a buy down to a hold. y

late local news starts now. [captioning made possible by constellation energy group] captioned by the national captioning institute --www.ncicap.org-- our big story tonight --

with the cheapness of natural gas and energy in the united states and the future development of it, you know, are the two main proponents of growth going forward and so, house, you know, on a cyclical basis, not a longer term basis, i speak to the next one to two years is definitely a gross proponent in the u.s. economy. we are looking for, you know, u.s. growth of 1 to 2% and primarily because, you know, housing is now in an upswing as opposed to a down swing. >> we have a graphic for our viewer ares, thanks to our team for getting done quick, i just came across it, bill, the average home size in the u.s., not amount biggest in the world but gone up 30% since 1973, the average new car is 30,000 dollars. college costs out of control but never how anything how incomes have gone up. if anything, stayed the same or gone down. how the hell are we affording all this stuff? >> that is a great point. i would suggest and point out, in terms of evidence, the corporate profits as a percentage of gdp are at historical highs, 12 to 13% of gdp. what you suggest in terms of wages as a percentage of g

, industrials up fractionally. energy stocks okay. tech, materials a tough week to the downside, weighed down by apple which lost about $50 so far this week. financials were the big gainers. big comments this week about job layoffs but most of those big names were up again today. these stocks have turned around here. bank of america now well north of $10. home builders having a very rare down week. but up a little bit here today. i anticipate 30% increase in orders next week. kb home also to the up side. horton announces a dividend acceleration earlier today. finally noting here, courtney just mentioned apple and there you see apple down -- apple was $585 at the start of the week. that's $50 off of apple this week. >> the dow is higher today. we'll go up town in a moment to the nasdaq and seema. could you imagine what the dow would be doing this week if the apple were in it? the dow is a price weighted index. >> that's why it would not be in it. they'll have to do some kind of split of apple to put it in there. $600 -- >> can you imagine? >> $50 right now would have dropped hundreds of p

companies that have done business with iran, investments in canadian energy companies connected to the keystone pipeline, i mean what we're seeing is basically has all the hallmarks of a tough confirmation battle before her name has been put into nomination. she's effectively fighting this daily drip of revelations and research that's being dug up about her as she tries to get herself on an even keel not knowing whether the president will put her name in. it's a tough situation. >> when you look at this also, there are other things in play, they're thinking about recognizing the syrian opposition, bilateral talks to try to test the resolve of the ayatollah and see if they can negotiate something with iran. a lot of foreign impediments to this domestic agenda. >> no question. and i think hillary clinton is saying she's willing to stick around for a while longer just to see a successor confirmed. i wonder whether she's going to have to make good on that pledge. this hey have to drag out longer than the white house had planned. >> we have to leave it there. mark, margaret and chris, t

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up a little. let's start with a tweet. tonight from @tomes521, who writes, clean energy fuel, cisco, groupon, broadcom and -- santander. wow, am i diversified. you can be diversified but also be really -- have some really bad stocks, and, oh, doctor. anyway. all right. groupon, i got the mani pedi coupon this morning, i wanted to leave "squawk on the street" because they offered me three in one day for half value. but i don't know what it is, so i stayed and did the job. santander, spanish bank, broadcom, my charitable trust owns it. cisco, these two are too much alike, get rid of cisco. clean energy fuels, total speculation, groupon, you know, maybe it's time to swap into zynga. all right. that was a stock joke. bank, i don't even know what this is. bank, speculative energy play, real technology company. man, you know what you need here, you need like bristol-myers or something like that. and certainly like let's put an industrial in there, how about honeywell? dave cote's doing a great job. that would spruce up this portfolio. do we have like -- are we r-rated? do we have like --

down on green energy and find out how much the taxpayer will have to shell out this time around. and also new at 10, enough obamacare laws are starting to go into effect and for restaurants across the country. one new regulation that could cost businesses millions, again, that's coming up the top of the hour and it will be new at 10. something serious going on here, there are reports that syria is mixing chemical weapons and loading them into bombs. sarin gas is theeprecise weapons grade material they're talking about here. nbc news reports that the the syrian military is waiting for orders from president al-assad to drop the bombs on its own civilians. the united states warned any use of chemical weapons would trigger western intervention. secretary of state hillary clinton meets russian diplomates and syria, chemical weapons, they will be discussed. and now to egypt. five people dead after huge protests in the streets of cairo and hurled rocks, fire bombs to protest morsi's seizure of near unrestricted powers and rush-through adoption of the quickly drafted constitution by the musl

the world's top energy super power and it could happen in just seven years. sharon eper southern has the exclusive interview with the economist that came up with one of the boldest forecasts yet. >> that's right, mandy. i'm here at the council on foreign relations with the chief economist from the international energy agency who came up with this very, very optimistic forecast that we will see the u.s. as the world's largest oil producer by 2017. passing russia, surpassing saudi arabia. some critics have said that might be a bit too optimistic. what do you think? how did you reach that conclusion? >> i think this is very, very modest growth we expect in fact from natural states. mainly driven by tight oil, shale oil. if you look at the next years, we expect u.s. shale oil to grow 3 billion barrels per day and this will make u.s. the leader of global oil production overtaking saudi arabia and russia. and at the same time, the natural gas production is also going to increase significantly and as a result of that, we expect u.s. will be the top natural gas producer of the world, around

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the energy business making two acquisitions. plains exploration and mcmoran exploration. >>> concerns over the u.s. economy as adp misses estimates. the blame goes to superstorm sandy. goldman says the party is officially over for gold. >> starbucks at an investors conference will add 1,500 stores in the u.s. over the next five years. wait until you hear what they said about china. >> a big day in media. pandora ceo joins us live later this morning as the stock fell nearly 20% on weak guidance and netflix signs a big exclusive with disney. how much are they having to pay up for that? >>> let's deal with this big deal. as i've been telling you we'll see a lot of big deals -- i was wrong. here we are. freeport mcmoran buying not one but two companies. the combined price if you add it all together gets close to $20 billion. that does include debt. let's go through some of the details. it's somewhat complex. let's start with bigger of the two deals. freeport's purchase of plains. approximately $6.9 billion in total now. it's a cash and stock deal. .6531 shares and 39 bucks a

the sectors you like one of them is energy. a lot of people say we have energy boom in the united states. you like the shale gas and liquids, right? >> yes because here's an industry that really has exploded in the last half a dozen years where it didn't previously exist. it will help to lower the cost of energy in the whole economy making our economy again more efficient than just about any other developed country and a source of real wealth as we create to build out this sector here more and more of that. margie patel, wells fargo management. ashley: 8.8 million jobs were lost as a result of financial crisis. 4.2 million have been recovered. that is less than half. unlikely weill get all of them back because companies are used to doing with less. tracy: lean and mean. ashley: more ahead on the economy and oh, yeah, that fiscal cliff. ftn economist lindsey piegza says washington is ignoring a much bigger problem than tax rates on the wealthy. she will explain just ahead. tracy: fox business exclusive for one company that saw its stock double after hurricane sandy. generac's ceo j

energy drink space, monster energy stock up almost 16% this month. in the transports, parent company of american airlines, and as a special bonus to our friend herb greenberg, we note green mountain coffee roasters up 50.4% in november. >>> despite the growing belief also by many that no deal will be struck when the clock strikes midnight on december 31st around the fiscal cliff, jim paulson remains unafraid. he's keeping his 1,500 target on the s&p 500. he is the chief investment strategist at wells capital management and he joins us now from a disclosed location. this is a curse-free interview, jim. i just want to point that out. why do you remain so optimistic on equities? >> all i can think of are curse words now, you got me focused on it, brian. that's dangerous. i think the biggest thing when i look to next year, people think we'll grow around 2%. i think we'll grow closer to 3%. that difference to me could be a huge catalyst for risk assets in general, particularly stocks next year. i know people are i think overly focused on fiscal contractionary force. i bet most likely outcome

like they have broken investors' trust by diversifying into energy with these $9 billion deals. back to you, sue. >>> we are just off the highs of the day, up 130 points. we'll continue to follow the markets for you. >>> plus, emergency landings and inspections by regulators. growing pains for boeing's new dreamliner. >>> plus, netflix's deal with disney. is it really a game changer? phil lebeau and julia boorstin all over those big stories. phil, you first. >> sue, right now as we speak a technical team from boeing is in new orleans looking at that dreamliner after the emergency landing. we'll have the latest in just a bit. >>> but first out to julia in los angeles. >> netflix says the company is taking a big step forward. we'll tell you how and how much it is worth after the break. he loves risk. but whether he's climbing everest, scuba diving the great barrier reef with sharks, or jumping into the market, he goes with people he trusts, which is why he trades with a company that doesn't nickel and dime him with hidden fees. so he can worry about other things, like what the market i

months. >> southwestern energy getting a pop. >> stephanie brought this to my attention earlier. there is some chatter out there this could be a potential acquisition candidate. obviously, never a great thing to chase or a reason to buy a stock but maybe a good reason to do some research. it's about a $12 billion company can. little bit of chatter, little bit of a pop today. something worth keeping on your radar if you like energy stocks. >> and how about unicorns? they're getting a pop today. hold on. north korea says it's found a union core. the state run news agency says that kim jong-il shot is 11 holes in one in a single game of golf says the dwelling was once inhabited by the mythical creatures. the global community says it's just a dog and pony show. north koreans maintain they're not -- >> i used to have that trapper keeper in junior high, the purple one. full disclosure. >> you just admitted that to a lot of people. >> they also said he was the sexiest man in the world. so maybe unicorns do exist. >>> next, how do you know when it's time to let a losing stock go? our tr

new report from the energy information administration. daily production, daily output, averaged almost 6.5 million barrels per day in september, the highest level of oil output in the u.s. since 1998. eia says the increase is mostly due to the extraction process known as fracking, new technology to get oil in every nook and cranny. some coined a phrase saudi america for america's projected energy boom over the next decade. a report from last month from the international energy watchdog says the u.s. could unseat saudi arabia as the world's top oil producer by the year 2020. >>> quick market check this morning, u.s. stock futures are up, fiscal cliff uncertainty could continue to weigh on stocks until it's resolved. we're getting a lot of economic news this week with the jobs report on friday. so i expect to see hurricane sandy was at play in there. >> figuring into that report. looking forward to that. >>> first it was republicans throwing the president's fiscal cliff plan right back at him. now it's the president's turn. he rejected an offer that included no raise in tax rates

that companies that are not putting 80% or more of their competitive energy into this third platform may become obsolete. >> oh, yeah, there's no question. because if you think about what's happening and the cloud is probably a good example. amazon is coming in right now with amazon web services and they are going in to the markets of companies like hp and ibm and microsoft, sap oracle, 60% to 80% margins and they are coming in with a 20% margin saying we're going to come in and use cloud technology, bring prices down for customers, reach much larger volumes and really almost break the business model of these traditional players. >> who are the cutting edge companies? you mentioned oracle certainly but who are some of the cutting edge companies that you see out there right now who really have a leg up in expenditures on a high-percentage basis to the third platform? >> well, there's no question. i talked about ibm and hp and those guys as if they're just the old school. these companies are also watching major efforts to be third platform leaders. so certainly you have to include them

, thanks so much. >>> we take you back on capitol hill where congressional leaders put much of their energy on the ongoing fiscal cliff negotiations. oklahoma representative tom cole who broke ranks with republicans by embracing president obama's plan to raise taxes on the wealthy stuck to his guns this morning. >> if we can give the american people an early christmas present, if they can listen to the debate instead of be worried that their own taxes are going to go up, i think that actually strengthens our hand. i haven't changed my mind. i'm not going to come out here and be disingenuous to people. i think it would be a step in the right direction. >> today john boehner expressed disappointment at where the negotiations stand. as our first read team points out, by siding with the white house tom cole may be helping boehner get the deal he wants. joining me now, political editor mark murray. why do you think tom cole has strengthened the speaker's position, negotiating position he goes in with? >> it has given john boehner some cover. you now have a conservativconse albeit establishment m

jordy sarda bonvehi representing the company. huge step toward energy independence and a big bird to russia. one big problem. the company doesn't know anything about it. turns out that jordy doesn't actually work for that company. he's the bald gentleman in this shot. take a good look at this guy. we don't know what his real name is. it appears he's a con man who was able to get through multiple rounds and rounds and rounds of negotiations and a televised appearance for a $1 billion deal without detection. i mean, that's kind of incredible. you have got to give the guy that. in fact, on the surface, this seems like a mirror image of one of the most infamous swindles in history, when victor lustig posed as a corrupt government official and sold the eiffel tower to scrap metal companies. back then, he got money. he got the money from sales and additional political bribes. years later, he even pulled a scam on al capone. yes. he swindled al capone out of $5,000 of money. adjust that for inflation. to quote bill clinton, that takes a lot of brass. and a lot of smarts, which is something

so before a big vote on, say, an energy bill that will make oil companies really rich, you can't go to a big oil company and say, hey, don't you think i'd make a good executive vice president who doesn't do anything but makes a ton of money for not doing it? but makes way less money than you'll make if this bill i'm going to be voting on passes? we want to know that kind of thing if it's happening. so you have to file this paper and demint filed his paper only yesterday. according to him, these negotiations began and ended in 24 hours. that is very decisive for leaving the u.s. senate. and if it is true then it's really looking like the heritage foundation and jim demint saw an opportunity in the continuing republican crackup. earlier this week, we learned that dick armey is breaking up with his tea party group freedom works and then we learned freedom works is kind of crumbling from within due to internal disputes over its strategy. that leaves a mantle of leadership for the tea party wing of the republican party wide open. that is a lot of power and a lot of fund-raising opportuni